165 BCa/19/9 HOUSING REVENUE ACCOUNT (HRA) FINANCIAL MONITORING 2019/20 - QUARTER 1 PDF 451 KB
Cabinet Member for Finance
Decision:
It was RESOLVED:-
1.1 That, subject to any further budget variations that arise during the rest of the financial year, the shortfall in funds of £177k, referred to in section 5.5 of the report, be noted;
1.2 The 2019/20 Capital Programme referred to in Appendix A and section 5.10 of the report be noted.
Reason for Decision: To ensure that Members are kept informed of the current budgetary position for both the HRA Revenue and Capital Budgets.
Alternative Options Considered and Rejected: At this stage in the year, the financial position is for noting only.
Any Declaration of Interests declared: None
Any Dispensation Granted: None
Minutes:
The report was introduced by the Cabinet Member for Finance and Members were provided with an overview of the variances detailed within.
The recommendations in the report were moved by Councillor Ward and seconded by Councillor Osborne.
Councillor Busby commented on the adverse variances and overspends detailed in the report. The Chief Executive clarified that at this stage the figures were forecasts in order to provide an indication for the future.
Councillor Holt raised queries over the current situation within BMBS and enquired if this area was now under control, in particular with regards to the expenditure relating to asbestos surveys and fire prevention. The Assistant Director for Housing confirmed he would discuss the matters further with Councillor Holt.
Councillor Arthey requested that a report was presented to Cabinet Members regarding the redevelopment of void garage sites.
By a unanimous vote
It was RESOLVED:-
1.1 That, subject to any further budget variations that arise during the rest of the financial year, the shortfall in funds of £177k, referred to in section 5.5 of the report, be noted;
1.2 The 2019/20 Capital Programme referred to in Appendix A and section 5.10 of the report be noted.
Reason for Decision: To ensure that Members are kept informed of the current budgetary position for both the HRA Revenue and Capital Budgets.